The Best Mortgage Lenders in Hazel Crest, IL
Compare verified mortgage lenders serving Hazel Crest, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hazel Crest
Featured Mortgage Lenders
CrossCountry Mortgage, LLC
CrossCountry Mortgage, LLC - Orland Park
CrossCountry Mortgage's Orland Park office serves the entire Chicago Southland region including Hazel Crest with exceptional customer satisfaction ratings. They are known for their personalized service and extensive loan product portfolio. With nearly 20 years of experience, their local team provides expert guidance through the entire mortgage process, offering competitive rates and flexible terms. Their high rating reflects consistent performance in helping borrowers throughout Cook County secure optimal financing solutions.
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Wintrust Mortgage
Wintrust Mortgage
As one of Illinois' most established mortgage lenders, Wintrust Mortgage has been serving the Chicago metropolitan area including Hazel Crest for three decades. They are part of the Wintrust Financial Corporation, providing exceptional local market knowledge combined with the resources of a major financial institution. Their high customer satisfaction stems from competitive rates, streamlined application processes, and dedicated local loan officers who understand the unique aspects of the South Suburban Chicago housing market.
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First Midwest Bank Mortgage
First Midwest Bank (Now part of Old National Bank)
First Midwest Bank, now part of Old National Bank, has deep roots in the Chicago Southland communities including Hazel Crest. With a physical branch presence in nearby Evergreen Park, they offer convenient local service combined with comprehensive mortgage expertise. Their long-standing reputation for reliable service and community involvement makes them a trusted choice for home financing. They excel at providing personalized mortgage solutions with competitive rates and have maintained strong customer relationships throughout the region for over three decades.
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Frequently Asked Questions
Common questions about mortgage lending in Hazel Crest, IL
What are the current average mortgage rates for homebuyers in Hazel Crest, IL?
Mortgage rates in Hazel Crest typically align with national averages but can vary based on local market conditions and lender competition. As of recent trends, 30-year fixed rates generally range from 6.5% to 7.5%, though these fluctuate regularly. Working with a local lender who understands the South Chicago suburban market can help you secure competitive rates specific to Hazel Crest.
Are there any special first-time homebuyer programs available specifically for Hazel Crest residents?
Yes, Hazel Crest homebuyers can access the Illinois Housing Development Authority's (IHDA) programs like the 1stHomeIllinois loan, which offers competitive interest rates and down payment assistance. Additionally, some local lenders may offer special programs for Hazel Crest's specific market needs. These programs are particularly valuable given Hazel Crest's affordable housing prices compared to neighboring suburbs.
How does Hazel Crest's property tax rate affect my mortgage qualification and payments?
Hazel Crest has a property tax rate of approximately 2.5-3.0%, which is relatively high compared to national averages but typical for Cook County suburbs. Lenders will factor this into your debt-to-income ratio calculations, potentially affecting how much home you can qualify for. Your monthly mortgage payment will include escrow for these taxes, so budget accordingly when considering Hazel Crest properties.
What special considerations should I know about getting a mortgage for older homes in Hazel Crest?
Many Hazel Crest homes were built in the mid-20th century, so lenders may require additional inspections and potentially repairs before approving loans. FHA 203(k) renovation loans can be particularly useful here, allowing you to finance both purchase and repairs. It's wise to work with lenders experienced in Hazel Crest's housing stock to navigate any age-related property concerns.
Are there any local down payment assistance programs unique to Hazel Crest homebuyers?
While Hazel Crest doesn't have city-specific programs, residents can access Cook County's Home Ownership Assistance Program and various IHDA offerings. Some local credit unions serving the South Suburban area may also provide special assistance programs. Given Hazel Crest's median home prices, these programs can significantly reduce the barrier to homeownership in the community.
Nearby Cities
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Why Choose a Mortgage Lender in Hazel Crest?
Local Market Knowledge
Lenders who understand Hazel Crest's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Illinois.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Hazel Crest and get competitive rates on your home loan.